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20130209
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, the army, knave v navy marines, they don't move that fast. i don't think you should look at this issue in a way to be able to make money off of it, though. it's really not a needle-mover. as a matter of fact, it can be negative for a lot of the defense companies as we know and they've been under a cloud because of these cuts. here's one from danny in new york. hi, jim, i have heard you say when considering playing the downside of an equity you would short the stock rather than buy a put. please elaborate on your reasoning on this. danny, i'm so glad you sent me this because if i have created any misperception that i favor shorting stocks, it is completely out of character with all my books and what i used to do at my hedge fund or before i had my hedge fund when i was working for goldman sachs or trading for myself. i always do puts. i very rarely do shorts because as i write in "confessions of a street addict," i was a victim of horrible short squeezes that lost me a ton of money. use puts, i don't care if there's a premium. let's go to some tweets. here's one. covered calls allow me
to have furlows of civilian personnel most likely, you're going to just stop sending navy ships to some places, you're going to decrease our ability to deal with the unforeseen contingencies that could happen anywhere around the world. so it's security, but it's also economic, you're right. >> for the idea that we keep defense protected, the president may insist on other things in kind, like some sort of revenue. how open is the gop to that? >> if he talks about more tax increases, then i think it's all a political sham, taxes have been decided, they were decided with the fiscal cliff deal that congress approved and the president signed earlier this career. now the target has to be spoending. and it really has to be on mandatory spending which is 2/3 of the budget. you can't balance the budget on defense. in fact if you eliminated defense it would not balance the budget. so it's got to behe mandatory programs, that's what we have got to focus on and if he talks about anything else, i think he's playing games. >> if that happens, if revenue is a component, we have got 90 minutes until he
Search Results 0 to 2 of about 3 (some duplicates have been removed)